cabinet firm 1. Purchased $30,000 of materials on account. 2 Issued $4,000 of supplies from the materials inventory 3 Purchased $56,000 of materials on account. 4 Paid for the purchased in transaction (1) using cash 5. Issued $68,000 in direct materiats to the production department 6 Incurred direct labor costs of $100,000, which were credited to Wages Payable 7 Paid $106,000 cash for ubities, power, equipment maintenance, and other miscelianeous items for the manufacturing plant 8 Appled overhead on the basis of 125 percent of $100,000 direct labor costs depreciation on manufacturing property, plant, and equipment of $50,000 The following balances appeared in the accounts of Steve's Cabinets for Apni: $148,200 33.000 166,000 $143,200 Inventory Cost of Goods Sold 263 400 Required a. Prepare journal entries to record the transactions. (if no entry is required for a transactionlevent, select "No journal entry required" in the first account field.)